Question posted by noslels03

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Questions Posted by noslels03

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$25.00 Closed, closed Business Accounting Please help with these basic accounting questions so I can make sure my study guide is correct.
Pleas help with these basic accounting questions on the attachment so I can make sure my study guide is correct. 		Mar. 24, 2011
$1.50 Closed, closed Business Accounting Please help me with this accounts payable question.
Accounts Payable had a normal starting balance of $600. There were debit postings of $350 and credit postings of $200 during the month. The ending balance is: A) $950 credit. B) $450 debit. C) $4... 		Mar. 24, 2011
$1.50 Closed, closed Business Accounting Please help with adjusting journal entries.
The balance in the Insurance Expense account of the worksheet was $355. The journal entry to close the Insurance Expense account is: A) Insurance Expense 355 Capital 355 B) Insurance Expense 355 P... 		Mar. 18, 2011
$1.50 Closed, closed Business Accounting Please help with adjusting journal entries.
Adam’s Tree Service depreciation for the month is $150. The adjusting journal entry is: A) Depreciation Expense 150; Depreciation Payable 150 B) Depreciation Expense 150; Accumulated... 		Mar. 18, 2011
$1.50 Closed, closed Business Accounting Please help on this question about Sales Returns and Allowances.
A customer returned merchandise that had been paid for within a discount period for credit. The entry was recorded with a debit to Sales Returns and Allowances and a credit to Accounts Receivable for... 		Mar. 06, 2011
$1.50 Closed, closed Business Accounting Please help me answer this question about purchase discounts.
A purchase discount was recorded as a credit to the Purchases account - the remainder was correctly recorded. This error will cause: A. net income will be understated. B. net income will be... 		Mar. 04, 2011
$1.50 Closed, closed Business Accounting Please help me answer this question about discount periods and refunds.
Retunred merchandise paid for within the discount period for a cash refund. This will be recorded with: A. a credit to an asset B. a debit to a liability C. a credit to a liability D. a debit... 		Mar. 04, 2011